Grant & Loan Awards: Wheeler County


Equity

Wheeler County

Equity Fund: $500,000

Awarded: 06/30/2010

Applicant: Alamo, City of


Description:
Equity grant funds will be used to assist with the construction of public water and sewer infrastructure improvements to support the expansion of Corrections Corporation of America, Inc. d.b.a. Wheeler Correctional Facility in Wheeler County. Based on data from the Georgia Department of Labor, Wheeler County and the surrounding region has lost over 6,368 manufacturing jobs since 1995. The Corrections Corporation of America, Inc. is committed to expanding their Wheeler facility from just over 1,600 beds to 2,500 beds and to creating 75 new jobs, retaining 288 jobs, and making a private investment of approximately $30 million dollars. The overall project will consist of the expansion of the prison, construction of a 200,000 gallon elevated water tank, upgrading the prison well pump and sewer improvements to enable the City to treat the excess sewerage from the plant expansion.


Total Budgeted Project Cost: $38,496,600


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